Trading recommendations:
- According to previous events, the USD/CHF pair has still been moving between the levels of 0.9550 and 0.9619 in the short term. Currently, the price is at the price of 0.9595. On the H1 chart, a strong resistance will be formed at the level of 0.9633 providing a clear signal for sell deals with the target seen at the price of 0.9550. However, the stop-loss is to be placed above the 0.9712 price. On the other hand, the support has been already placed at the price of 0.9550. (50% Fibonacci retracement levels). Therefore, the strong support will be formed at the level of 0.9550 providing a clear signal for buy deals with the target seen at the 0.9620 level.
Observations:
- We expect a range of 69 pips (0.9550 - 0.9619) today.
- The key level is at the daily pivot point (0.9619).
- Stop loss should never exceed your maximum exposure amounts.
- As a rule, the market is highly volatile if the previous day has huge volatility.
For detail explanation and best discovery on daily market trends and news you may visit via Technical analysis of USD/CHF for October 13, 2015 . Thanks for your support.
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